How long do you see Sears being a viable entity? When evaluating their PPE you can see Edward Lampert is selling portions of the company to mask the issues not maintaining long term profitability.
I thought to myself maybe Lampert is selling certain assets to help push the stock down and improve the possibility of allowing a buyout and make it private. But he made some serious errors during his initial ownership of the company by scaling back the store features which people started to notice and go elsewhere.
Edward Lampert in the past few years has spent a lot more on store features which has increased foot traffic but not enough in my eyes to keep it a sustainable entity.
Can someone please shed some light on this issue? Where do you see Sears in the next year or two? Thanks in advance!